This paper analyses the trade relationships within East Asia and between East Asia and the US and Japan, with particular emphasis on the structural changes that occurred during the 1990s. The main purpose of the analysis is to gain a better understanding of the potential global impact of these...

The currency crisis in the 1997 diversified views on Asian economies. In one view, the ever-expanding image of Asian economies faded away, resulting in a view that Asia could never regain the power to achieve sustainable strong economic growth. In another view, Asia is still believed to continue...